Retail and Industrial
For Sale
Contact for pricing
Pending
3729 Pacific Ave SE, Olympia, WA 98501
Family-owned retail and industrial property with high-traffic location.
Property Size32,482 SF
Days on Market601
Property Features for 3729 Pacific Ave SE
General Information
Standard status
Pending
Size
32,482 SF
Property subtype
Industrial, Retail
Zoning
HDC 1 and General Commercial
Building Details
Buildings
3
Listing Agency:
Premier Commercial NW
Listed By:
Joni Baker · License #77946
(360) 789-4290
Source:
Crexi
Added: Mar 6, 2025
Changed: Oct 25
Last Checked: Oct 26 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial NW
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Investment Insights
Based on property information with market context.
This family-owned retail and industrial property has been a cornerstone of the community for over 50 years. Located in a high-traffic location, the property offers visibility and accessibility, suitable for retail and industrial use. The property includes a 6,000 square foot showroom with 2,000 square feet of storage/warehouse space, a 17,612 square foot industrial building that can be divided into three units, and a 6,240 square foot retail/office building. Additionally, there are two vacant parcels zoned General Commercial for future development, such as a small warehouse park, storage units, or parking. The property provides a foundation for various business ventures. Traffic counts in front of the property exceed 26,000 per day. The total property size is 32,482 square feet.
Key Highlights
- Prime, high‑traffic location with excellent visibility and accessibility (26,000+ cars per day).
- Flexible zoning suitable for retail and industrial use.
- Multiple buildings including a 6,000 sf showroom, 2,000 sf storage/warehouse, and a 17,612 sf industrial building divisible into three units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$392,084
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,841,680
$7.8M
Cap Rate 7%
$5,601,200
$5.6M
Cap Rate 9%
$4,356,489
$4.4M
Market Conditions
NOI Build-Up for 32,482 SF
Gross rent
$584.7K $18.00/SF
− Vacancy
−$24.6K −$0.76/SF
EGI
$560.1K $17.24/SF
− OpEx
−$168.0K −$5.17/SF
NOI
$392.1K $12.07/SF
Area
Thurston County, WA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,841,680
Cap Rate 7%
$5,601,200
Cap Rate 9%
$4,356,489
Alternative Uses
Best Use
Retail
$5.60M
$4.90M – $6.53M
NOI $392,084 @ 7.0% cap · market cap 6.43%
Second Best
Warehouse
$4.57M
$4.00M – $5.33M
NOI $319,694 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$9.51M
$8.32M – $11.10M
NOI $665,751 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98501, WA
45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- KDC Remodeling — 1109 Sleater Kinney Rd SE, Lacey, WA 98503
- Lowe's Home Improvement — 4230 Martin Way E, Olympia, WA 98516
Frequently Asked Questions
What type of property is this?
Showroom - Family-owned retail and industrial property with high-traffic location.
Where is this showroom located?
The property is located at 3729 Pacific Ave SE Olympia, WA.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: Prime, high‑traffic location with excellent visibility and accessibility (26,000+ cars per day).; Flexible zoning suitable for retail and industrial use.; Multiple buildings including a 6,000 sf showroom, 2,000 sf storage/warehouse, and a 17,612 sf industrial building divisible into three units.
